Impact of energy prices and cellulosic biomass supply on agriculture, energy, and the environment: An integrated modeling approach

dc.contributor.author Dodder, Rebecca S.
dc.contributor.author Kaplan, P. Ozge
dc.contributor.author Elobeid, Amani
dc.contributor.author Tokgoz, Simla
dc.contributor.author Secchi, Silvia
dc.contributor.author Kurkalova, Lyubov A.
dc.contributor.department Center for Agricultural and Rural Development
dc.date.accessioned 2022-04-14T17:59:33Z
dc.date.available 2022-04-14T17:59:33Z
dc.date.issued 2015-09
dc.description.abstract The accelerated growth in biofuel markets has both created and reinforced linkages between agriculture and energy. The evolution of biofuel markets over the next 10–20 years and the implications for energy, agriculture, and the environment are uncertain. Building on an integrated agriculture–energy modeling framework, this study analyzes a baseline and three alternative scenarios: two scenarios based on energy prices (crude oil and natural gas) and one based on assumptions regarding cellulosic biomass availability. By examining the impact of scenarios driven by (a) changes in the energy sector and (b) changes in the agricultural sector, we can compare the differential effects on biofuels markets, commodity prices and quantities in each sector, and CO2 emissions. Scenario comparisons show biofuel markets affected more by crude oil prices than natural gas prices. However, higher natural gas prices shift the biofuel production mix away from corn-grain based to more cellulosic ethanol via multiple mechanisms. Alternatively, the scenario with no cellulosic feedstock lowers total ethanol production and raises ethanol and corn prices. In terms of environmental impacts, higher ethanol levels driven by higher oil prices lead to lower CO2 emissions. In comparison, the no cellulosic scenario results in the highest CO2 trajectory relative to the baseline.
dc.description.comments JEL classification: C61; Q47; Q42; Q54; Q11; Q16 This article is published as Dodder, Rebecca S., P. Ozge Kaplan, Amani Elobeid, Simla Tokgoz, Silvia Secchi, and Lyubov A. Kurkalova. "Impact of energy prices and cellulosic biomass supply on agriculture, energy, and the environment: An integrated modeling approach." Energy Economics 51 (2015): 77-87. doi:10.1016/j.eneco.2015.06.008. Works produced by employees of the U.S. Government as part of their official duties are not copyrighted within the U.S. The content of this document is not copyrighted.
dc.identifier.uri https://dr.lib.iastate.edu/handle/20.500.12876/azJ4kDKv
dc.language.iso en
dc.source.uri https://doi.org/10.1016/j.eneco.2015.06.008 *
dc.subject.keywords Biofuel
dc.subject.keywords Ethanol
dc.subject.keywords Agriculture
dc.subject.keywords Natural gas
dc.subject.keywords Crude oil
dc.subject.keywords Cellulosic
dc.subject.keywords Carbon dioxide
dc.title Impact of energy prices and cellulosic biomass supply on agriculture, energy, and the environment: An integrated modeling approach
dc.type Article
dspace.entity.type Publication
relation.isAuthorOfPublication 14bb488d-f033-42d5-b368-9a2a162299a7
relation.isOrgUnitOfPublication 1a6be5f1-4f64-4e48-bb66-03bbcc25c76d
File
Original bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
2015-Elobeid-ImpactEnergy.pdf
Size:
849.49 KB
Format:
Adobe Portable Document Format
Description:
Collections